North America

The Latin American multifamily office has a near-term target of at least one-fifth of its clients’ holdings being placed in alternatives, says Daniel Sanchez, head of alts.

LACERS CIO Rodney June: ‘The opportunity set has grown’ in private equity secondaries market as $26bn pension eyes potential participation.

SQ was the lead buyer of the $160m CV for portfolio company TeamDynamix, done in an off-market deal with no bankers involved, sources told Buyouts.

The California pension’s staff want to continue its co-investment program with Ardian and add develop similar programs with the firm outside private equity

Private equity’s liquidity premium appears to be eroding at a faster rate than ever before. Plus: a UK pension giant is pumping more into PE; and a German LP gets a new CIO. Here's today's brief, for our valued subscribers only.

There is now proof of concept that institutional and retail products can successfully be managed side by side, say Davis Polk’s Andrew Ahern, Oran Ebel, Christopher Healey and Leor Landa.

With the retailisation of alternatives set to transform the industry, building brand awareness with individual investors has become a priority for managers.

Opening up alternative assets to non-institutional investors, from HNWIs to 401(k) account holders, represents up to $80trn. It's an alluring pot of capital for an industry with flatlining annual fundraising figures in some asset classes. And yet, multiple headwinds exist, making the journey towards increasing democratisation far from straightforward.

The firm wrapped its fund up in about a quarter of the average industry time.